ECO422H1S Special Topics in Economics: Economics of Innovation, Firm Dynamics, and Growth

This course is aimed at advanced undergraduate students with an interest in macroeconomics, particularly in innovation, firm dynamics, and economic growth. We will study the determinants of long-run economic growth through the perspective of endogenous growth theory and examine how firm-level incentives to innovate culminate in productivity growth at the aggregate level. Starting from the basic Solow Growth Model, we will work our way through the Neoclassical Growth Model, Lucas's human capital accumulation model, Romer's expanding varieties model, and Aghion and Howitt's Schumpeterian growth model. The innovation and growth dynamics of individual firms, the interplay between competition and innovation, and their implications at the aggregate level will be studied. The course will emphasize theory and quantification. Multivariate calculus is required. Some continuous time optimization methods will be covered in class.

Section L0101 , Winter 2024–25

Instructor: Murat Celik
Day/time: T3-6

Delivery Method & Instructions : In Person

Location:
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